I am fetching transaction data using Yodlee developer APIs. I am trying to look for Merchant Category Code (MCC) in that transaction, however, I am not seeing it. As I understood, MCC is used by payment gateways (Visa/Mastercard/Amex, etc..) to categorize a transaction. I know Yodlee does its own categorization, however, I am interested in the MCC code. Does anyone know how to get the MCC codes? Many transactions I fetched had missing this.
Any help would be appreciated..
Thanks.
it is returned in bank transaction data elements (i.e. BankTransactionData). please refer to Bank Transaction for more details. Please note that the level of availability for MCCode is "Rarely"; meaning only very few data providers(FIs) support this field.
Yes, For Card transactions the frequency is "Sometimes" as compared to "Rarely" in Bank Transactions: Check this
That means MCC still may or may not be present on end sites. Also you may want to have a look at creating sub categories or user defined categories that can override Yodlee defined categories: Check this !
-Vishal
